Hyosung Heavy Industries Co. and Taihan Cable & Solution Co. have completed development of a joint power infrastructure monitoring platform, marking the first tangible outcome of their partnership formed a year ago.
The two Korean electrical equipment makers said Dec. 2 they merged Hyosung’s artificial intelligence-driven asset management tool, ARMOR Plus, with Taihan’s cable monitoring system, PDCMS, into a single diagnostic platform. The combined software allows operators to track transformers, circuit breakers, and power cables from one interface instead of managing separate systems.
Both companies are betting on growing demand from data center operators and renewable energy developers who need comprehensive monitoring for increasingly complex power infrastructure. Hyosung plans to market the solution to engineering, procurement, and construction firms as well as offshore wind projects.
The partnership comes as Korean power equipment suppliers capitalize on aging electrical grids worldwide, particularly in the United States, where domestic manufacturers struggle to meet replacement demand. Fortune Business Insights estimates the global power asset management market will grow from ₩6.3 trillion ($4.4 billion) in 2022 to ₩9.1 trillion ($6.3 billion) by 2029.
Taihan posted record revenue of ₩3.28 trillion ($2.3 billion) last year on strong cable demand, while Hyosung has secured major transformer contracts in the U.K., Norway, and Australia.
